Sale: 553 / Contemporary Day Sale, June 07. 2024 in Munich Lot 212.13

 

212.13
Michael Wesely
Allianz Arena, 2005.
Black and white photograph behind plexiglas.s
Post auction sale: € 5,400 / $ 5,832
+
Allianz Arena. 2005.
Black and white photograph behind plexiglas.s.
Lower left typographically inscribed "Michael Wesely 19.2.2003 - 28.5.2005 Allianz Arena, München A.P.". Only artist proof aside from the edition inscribed "A.P.". 80 x 110 cm (31.4 x 43.3 in), the full sheet. [EH].


• In this extraordinary photograph, Michael transforms the passage of time into a lasting image.
• Wesely's works are at, among others, the Museum of Modern Art in New York, the Kunstmuseum Bonn and the Staatsgemäldesammlung Moderne Kunst in Munich
.

Accompanied by a photo certificate issued by Galerie Fahnemann on June 24, 2016.

PROVENANCE: Private collection Baden-Württemberg.

Following his legendary photographic documentation of the reconstruction of Potsdamer Platz in Berlin between 1997 and 1999, Michael Wesely also followed the more than two years of construction of the Allianz Arena in Munich using his own photographic process. With the help of self-made cameras, the Munich photographer can make extremely long exposures. Different sections of the construction site are captured with different camera settings and finally combined by superimposing these different sequences to create a simultaneous impression of a magical transparency. Wesely's works can be found at, among others, the Museum of Modern Art in New York, the Kunstmuseum Bonn and the Staatsgemäldesammlung Moderne Kunst in Munich.



212.13
Michael Wesely
Allianz Arena, 2005.
Black and white photograph behind plexiglas.s
Post auction sale: € 5,400 / $ 5,832
+

 

Buyer's premium, taxation and resale right compensation for Michael Wesely "Allianz Arena"
This lot can be purchased subject to differential or regular taxation, artist‘s resale right compensation is due.

Differential taxation:
Hammer price up to 800,000 €: herefrom 32 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 27 % and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 22 % and is added to the premium of the share of the hammer price up to 4,000,000 €.
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer price up to 800,000 €: herefrom 27 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 21% and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 15% and is added to the premium of the share of the hammer price up to 4,000,000 €.
The statutory VAT of currently 19 % is levied to the sum of hammer price and premium. As an exception, the reduced VAT of 7 % is added for printed books.

We kindly ask you to notify us before invoicing if you wish to be subject to regular taxation.

Calculation of artist‘s resale right compensation:
For works by living artists, or by artists who died less than 70 years ago, a artist‘s resale right compensation is levied in accordance with Section 26 UrhG:
4 % of hammer price from 400.00 euros up to 50,000 euros,
another 3 % of the hammer price from 50,000.01 to 200,000 euros,
another 1 % for the part of the sales proceeds from 200,000.01 to 350,000 euros,
another 0.5 % for the part of the sale proceeds from 350,000.01 to 500,000 euros and
another 0.25 % of the hammer price over 500,000 euros.
The maximum total of the resale right fee is EUR 12,500.

The artist‘s resale right compensation is VAT-exempt.